Multistate Tax Issues for Pass-Through Entities: State Recognition Rules, Taxation of S Corps and Partnerships
A live 90-minute premium CLE/CPE video webinar with interactive Q&A
This CLE/CPE course will guide tax counsel and advisers to resolve complex tax questions confronting pass-through entities with a presence in more than one state. Our panel will brief attendees on state recognition rules and other complexities that apply to multistate S corps, LLCs, and partnerships.
Outline
- State conformity to the federal treatment of pass-through entities
- Jurisdiction to tax (nexus) pass-through entities and their owners
- Apportionment of pass-through entity income
- Entity-level taxes and the federal SALT deduction cap
- State taxation and the partnership audit rules
Benefits
The panel will review these and other high priority issues:
- Reconciling varying state recognition rules when determining state tax liability
- Navigating federal conformity when determining a pass-through entity's state tax obligation
- Identifying nexus-creating activities of multistate pass-through entities
- Comparing apportionment regimes among various state tax jurisdictions
Faculty
Open Weaver Banks
Partner
Hodgson Russ
Ms. Banks focuses her practice on State and Local Taxation. Her extensive experience includes... | Read More
Ms. Banks focuses her practice on State and Local Taxation. Her extensive experience includes representation of taxpayers in administrative and court appeals in New Jersey, New York and Illinois on a variety of complex issues, including apportionment of business income, combined reporting, constitutional nexus, the Internet Tax Freedom Act, nonresident and resident personal income taxation, sales and use taxation, and the imposition of various industry specific taxes, including telecommunications, utilities, and amusement taxes. Ms. Banks has represented both public and private companies engaged in a wide range of activities, including manufacturing, retail, telecommunications, banking, transportation, construction, sports, television and radio production, publishing, and insurance. She has also represented individuals challenging residency determinations and assessments arising from adjustments to income and credits. In addition to a wealth of experience at conducting discovery, witness selection and preparation, motion practice, brief writing, trials and appeals, Ms. Banks is experienced and adept at identifying efficient and practical pre-decision settlement strategies to resolve tax controversies. She is a frequent author of articles on tax topics in State Tax Notes, Bloomberg Tax and Law360, and has spoken on state and local tax issues before such groups as the Tax Executives Institute, the American Bar Association, the Council on State Taxation, and the Georgetown University Law Center Advanced State and Local Tax Institute.
Close
Alysse McLoughlin
Partner
Jones Walker
Ms. McLoughlin is a partner in the Tax Practice Group. She focuses her practice on state and local tax planning and... | Read More
Ms. McLoughlin is a partner in the Tax Practice Group. She focuses her practice on state and local tax planning and controversies, with an emphasis on issues facing financial services companies, insurance companies, and utilities. Ms. McLoughlin provides broad-ranging state and local tax counsel to clients across the country. With years of experience in private practice, as in-house tax counsel at leading financial institutions, and as an attorney in the Chief Counsel Division of the Internal Revenue Service, she understands the goals and priorities of taxpayers and tax authorities. Ms. McLoughlin advises on multistate tax matters, with an emphasis on New York and New Jersey issues. She has also litigated matters for various taxpayers, including airlines, media and entertainment companies, banks and financial institutions, insurance companies, and individuals before the New York State Tax Appeals Tribunal and the New York Appellate Division with respect to corporate income tax, insurance tax, bank tax, and sales tax issues. Ms. McLoughlin has represented pharmaceutical companies, utilities, and other clients in New Jersey courts. She also actively handles all phases of residency/domicile audits, from audit through litigation.
Close
Cannot Attend August 19?
You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. CPE credit is not available on recordings. Strafford will process CLE credit for one person on each recording. All formats include course handouts.
